Page 11 - முக்கிய எண்ணெய் சந்தைப்படுத்துபவர்கள் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The benefits of the fuel subsidy removal far outweighs the pains associated with the expected rise in petrol pump price due to the upswing in crude oil price, writes Obinna Chima The rising cost of Brent crude oil and its attendant implication on petrol price in the country appears to have resuscitated the age-long debate over fuel subsidy removal in Nigeria. Once more, there has been divergent views about this policy which until it was phased out last year, was a thorn in the flesh of successive governments in the country. For instance, the federal government had disclosed that the nation spent N10. 413 trillion on fuel subsidy between 2006 and 2019, even as the country consistently grappled with low revenue generation over same period.

Adetunji oyebanjiMustapha chikeTimipre sylvaAggrey koleijoJohn agidiganZainab ahmedObinna chimaMele kyariInternational monetary fundPetroleum products pricing regulatory agencyFinancial derivatives companyNational planningFidelity bank plcPetroleum products marketing companyAsset management corporation of nigeriaNigerian national petroleum corporation